Valve Releasing New Counter-Strike Game?

The rumors began flooding out of nowhere. Most of the discussion has been from testers. Most of them have been at Valve Headquarters giving their insights toward an early build of the game. The testers were at Valve for a competitive Counter-Strike competition of sorts.

The rumored game is supposedly Counter-Strike: Global Offensive and is set to debut sometime in the 1st quarter of 2012. Now some people believe it could be just an update. However, with the testers saying it could be looking to add new guns, grenades, maps, and free ammo, there is no way you can rule out the possibility of a brand new game emerging.